Organoids and Spheroids Market By Type (Organoids, Spheroids), By Method (Extracellular Matrix scaffold Method, Spinning Boireactor method, Hanging Drop method, Low adherent Culture plate method, Magnetic leviation Method, Others), By End User (Biotechnology and Pharmaceutical Industry, Academic and Research Institutes, Hospitals and Diagnostic Centers): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global organoids and spheroids market was valued at $516.56 million in 2021 and is projected to reach $1,179.96 million by 2031, registering a CAGR of 8.5% from 2022 to 2031. Organoids are 3D cell cultures most frequently grown on a scaffold-based system. Organoids are normally derived from a single adult stem cell or embryonic stem cell. They can also be produced from induced pluripotent stem cells such as skin or blood cells. Spheroids are 3D cell cultures that are grown on a scaffold-free system. They consist of cell aggregates generated from a single cell type or from a multicellular mixture of cells. Spheroids can be established from immortalized cell lines, primary cells, or fragments of human tissue.
The key factors that drive the growth of the market are an increase in the adoption of personalized medicines, growth in investments toward R&D activities and a shift in preference toward organoids 3D cell cultures for cancer research are the major factors that boost the growth of the organoids and spheroids market. Moreover, an increase in product development by pharma & biotech companies propels the growth of the market. For instance, Corning Incorporated launched HTS Transwell tissue culture systems and spheroid microplates for high-throughput culturing, which will help in cell tissue culturing and help in the development of cell-based therapies or personalized medicines.
However, higher implementation cost hampers the market growth. Conversely, technological advancements and emerging healthcare market in developing countries is expected to provide a lucrative opportunity during the forecast period.
The organoids and spheroid market are segmented on the basis of type, method, end user, and region. By type, it is segmented into organoids and spheroids. On the basis of method, it is segmented into extracellular matrix scaffold method, spinning bioreactor method, hanging drop method, low adherent culture plate method, magnetic levitation method, and others. By end user, it is segmented into biotechnology and pharmaceutical industries, academic & research institutes, hospitals, and diagnostic centers. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
North America accounted for a majority of the organoids and spheroid market share in 2021 and is anticipated to remain dominant during the forecast period. Owing to the increase in the healthcare expenditure of this region and the presence of significant players in the country and the strategies they adopt for their product development.
Asia-Pacific was the second largest contributor to the market in 2021 and is expected to register the fastest CAGR during the forecast period, owing to a rise in the prevalence of cancer and an increase in demand of cell tissue culturing techniques.
The key players that operate in the organoids and spheroid market are AMS Biotechnology Limited, ATCC, 3D Biotek LLC, 3Dnamics Inc., Cellesce Ltd., Corning Inc, DefiniGEN Ltd, Greiner AG, Hubrecht Organoid Technology, InSphero AG, Lonza, Merck KGaA, PeproTech Inc., Perkin Elmer Inc, Prellis Biologics, STEMCELL Technologies Inc. and Thermofisher Scientific Inc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the organoids and spheroids market analysis from 2021 to 2031 to identify the prevailing organoids and spheroids market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the organoids and spheroids market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global organoids and spheroids market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Organoids
Type
Neural Organoids
Hepatic Organoids
Intestinal Organoids
Others
Spheroids
Type
Multicellular Tumor spheroids
Neurospheres
Mammospheres
Hepatospheres
By Method
Others
Extracellular Matrix scaffold Method
Spinning Boireactor method
Hanging Drop method
Low adherent Culture plate method
Magnetic leviation Method
By End User
Biotechnology and Pharmaceutical Industry
Academic and Research Institutes
Hospitals and Diagnostic Centers
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest Of Asia Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
ATCC
3D Biotek LLC
3Dnamics Inc
Cellesce Ltd
Corning Inc
DefiniGEN Ltd
Greiner AG
Hubrecht Organoid Technology
InSphero AG
Lonza
Merck KGaA
PeproTech Inc.
Perkin Elmer Inc
Prellis Biologics
STEMCELL Technologies Inc
Thermofisher Scientific Inc
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